Verizon Communications is near an agreement to purchase Intel Corp.’s Internet-based pay-TV startup OnCue, according to people familiar with the discussions. The deal may be announced as soon as this week.
Intel Corp’s media group has beenbeefing up its staff as it prepares to launch an Internet television service later this year, underscoring the chip maker’s seriousness about the new business. Intel Media is now looking to add 60 people to its staff of over 300, said spokesman Jon Carvill. He said the group could number 400 within the next six months or so, compared to less than 100 a year ago.